Franklin Covey (NYSE:FC) Downgraded by StockNews.com to Buy

StockNews.com cut shares of Franklin Covey (NYSE:FC) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

FC has been the topic of a number of other research reports. Barrington Research restated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th. Roth Mkm reissued a “buy” rating and issued a $50.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th.

Franklin Covey Price Performance

Shares of NYSE FC opened at $40.37 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $40.10 and its two-hundred day moving average price is $39.03. The company has a market cap of $528.60 million, a PE ratio of 30.13, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $44.96.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FC. Allspring Global Investments Holdings LLC bought a new stake in shares of Franklin Covey in the first quarter valued at approximately $59,000. Mather Group LLC. bought a new stake in shares of Franklin Covey during the 1st quarter valued at $73,000. O Keefe Stevens Advisory Inc. bought a new stake in shares of Franklin Covey during the 2nd quarter valued at $202,000. Lazard Asset Management LLC grew its holdings in shares of Franklin Covey by 92.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after purchasing an additional 2,699 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Franklin Covey in the second quarter worth $226,000. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.